Crypto Chat, News Bitcoin and Ether ETFs Show Resilience Amid Mixed Fund Flows

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Bitcoin and Ether ETFs Show Resilience Amid Mixed Fund Flows

Bitcoin exchange-traded funds (ETFs) have achieved their seventh consecutive day of inflows, closing with a net gain of $216 million, largely driven by Blackrock’s significant contribution. Ether ETFs also reported positive performance with a $11.09 million net inflow, despite notable withdrawals from Fidelity and Grayscale.

On Tuesday, June 18, Bitcoin ETFs continued their inflow streak despite facing heavy selling pressure. The bullish sentiment in the market was supported by Blackrock’s IBIT, which attracted an impressive $639.19 million inflow. This influx easily countered substantial outflows from other major funds, including Fidelity’s FBTC which experienced a $208.46 million outflow and Ark 21shares’ ARKB that lost $191.40 million.

Despite mixed flows across various funds, the overall market remains firmly in accumulation mode, suggesting investor confidence is still high.

Bitwise’s BITB also recorded a $22.84 million outflow; however, the day still concluded with a net inflow of $216.48 million. Total trading activity surged to $4 billion with net assets holding steady at $128.18 billion.

Ether ETFs displayed similar resilience. Fidelity’s FETH lost $20.22 million and Grayscale’s ETHE saw a $9.02 million outflow; yet, new capital flowed into Blackrock’s ETHA ($36.71 million) and Bitwise’s BITB ($3.62 million), resulting in a net inflow of $11.09 million. Ether ETF trading volumes reached $528.36 million with total net assets remaining stable at $10.05 billion.